Has anything really changed for Bitcoin? Here are five things to watch in BTC this week.
Macro analysis shows a similar split among those involved in crypto markets themselves.
For Dan Tapiero, founder and CEO of 10T Holdings, it is simply a question of how bullishly risk assets will respond to changing tides at the Fed as it loosens monetary policy in future.told“USD bear mkt and 10yrs below 3% to support main trends. Digital asset ecosystem to thrive as clearing prices reached without government support. Free markets work!”
“Talks of rate hikes slowing to 25 basis points as inflation decreases for 6 consecutive months, meanwhile the $SPX has made a picture perfect retest of prior ATH and looks ready to head back up. All that panic and fear, for what?” heThe last week of the month meanwhile contains various potential short-term market triggers in the form of U.S. macro data releases.
Currently, DXY is trading at around 101.7, having tested 101.5 — more than six-month lows — for a second time this week. After losing it as support at the end of November, the index’s 200-day moving average has acted as resistance since.
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